2. Lactalis
Lactalis leapfrogged its French rival Danone to take silver in this year's Rabobank Global Dairy Top 20.
The Laval, France-based dairy giant reported sales of $19.5bn (€14.7bn) in 2014 - up from $19.4bn in 2013.
Lactalis was "extremely busy" in 2014, acquiring six companies in 2014, including Indian dairy Tirumala Milk Products.